Edmond Co. purchased merchandise costing $350,000. Calculate the cost of goods sold under the following situations: a.

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Edmond Co. purchased merchandise costing $350,000. Calculate the cost of goods sold under the following situations:

a. Beginning inventory $37,000 and no ending inventory

b. Beginning inventory $49,000 and a $64,000 ending inventory

c. No beginning inventory and a $25,000 ending inventory

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